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COMPREHENSIVE INCOME (Tables)
3 Months Ended
Jun. 30, 2014
COMPREHENSIVE INCOME [Abstract]  
Components Of Other Comprehensive Income

:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30,

 

 

2014

 

2013

 

 

Before

 

 

 

Net

 

Before

 

 

 

Net

 

 

tax

 

Tax

 

of tax

 

tax

 

Tax

 

of tax

 

 

amount

 

effect

 

amount

 

amount

 

effect

 

amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized gains (losses) on available-for-

 

(In thousands)

sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains (losses) arising during

 

 

 

 

 

 

 

 

 

 

 

 

holding period

 

$     10,643 

 

$      (4,076)

 

$       6,567 

 

$    (43,810)

 

$     16,773 

 

$    (27,037)

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net gains realized in net income (1)

 

(5)

 

 

(3)

 

(3)

 

 

(2)

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

738 

 

(282)

 

456 

 

1,337 

 

(511)

 

826 

Other comprehensive income (loss)

 

$     11,376 

 

$      (4,356)

 

$       7,020 

 

$    (42,476)

 

$     16,263 

 

$    (26,213)

Net income

 

 

 

 

 

30,868 

 

 

 

 

 

20,755 

Comprehensive  income (loss)

 

 

 

 

 

$     37,888 

 

 

 

 

 

$      (5,458)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

2014

 

2013

 

 

Before

 

 

 

Net

 

Before

 

 

 

Net

 

 

tax

 

Tax

 

of tax

 

tax

 

Tax

 

of tax

 

 

amount

 

effect

 

amount

 

amount

 

effect

 

amount

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized gains (losses) on available-for-

 

(In thousands)

sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains (losses) arising

 

 

 

 

 

 

 

 

 

 

 

 

during holding period

 

$     22,705 

 

$      (8,697)

 

$     14,008 

 

$    (52,381)

 

$     20,056 

 

$    (32,325)

Reclassification adjustment for

 

 

 

 

 

 

 

 

 

 

 

 

net gains realized in net income (1)

 

(1)

 

 -

 

(1)

 

(22)

 

 

(14)

Recognized employee benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

net periodic benefit cost (2)

 

1,476 

 

(564)

 

912 

 

2,674 

 

(1,022)

 

1,652 

Other comprehensive income (loss)

 

$     24,180 

 

$      (9,261)

 

$     14,919 

 

$    (49,729)

 

$     19,042 

 

$    (30,687)

Net income

 

 

 

 

 

59,312 

 

 

 

 

 

41,560 

Comprehensive  income

 

 

 

 

 

$     74,231 

 

 

 

 

 

$     10,873 

 

 

(1)  Reclassification adjustments for net (losses) gains on available-for-sale securities are reported as net security (losses) gains on the consolidated statements of income.

(2)  Recognized employee benefit plan net periodic benefit cost include amortization of unrecognized transition amount, recognized prior service cost and recognized net loss.  For more information, see Note 9 - Pension Benefits.